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CBA reduces discount rate
Finance
- 26 July, 2019
- 11:22
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The Central Bank of Azerbaijan (CBA) has announced a decrease in the discount rate by 0.25 percent from 8.5% to 8.25, Report informs referring to the CBA chairman Elman Rustamov.
According to him, the upper limit of the interest corridor was set at 10.25% and the lower limit at 6.25% (at a ±2%-symmetric diapason).
The decision will enter into force on July 29. The CBA will consider the interests on September 13.
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